Wetherby Asset Management Inc. acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,019 shares of the semiconductor manufacturer’s stock, valued at approximately $403,000.

Other hedge funds have also recently made changes to their positions in the company. MinichMacGregor Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 257.7% in the third quarter. MinichMacGregor Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $101,000 after buying an additional 2,319 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices in the second quarter worth about $275,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Advanced Micro Devices by 450.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 6,052 shares of the semiconductor manufacturer’s stock worth $187,000 after buying an additional 4,952 shares during the last quarter. WESPAC Advisors SoCal LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter worth about $189,000. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Advanced Micro Devices by 953.4% in the second quarter. Valeo Financial Advisors LLC now owns 6,847 shares of the semiconductor manufacturer’s stock worth $135,000 after buying an additional 6,197 shares during the last quarter. 65.17% of the stock is currently owned by institutional investors and hedge funds.

AMD has been the topic of a number of recent research reports. Wells Fargo & Co restated a “buy” rating on shares of Advanced Micro Devices in a research note on Thursday, July 26th. Mizuho restated a “buy” rating and issued a $20.00 target price on shares of Advanced Micro Devices in a research note on Thursday, July 26th. BMO Capital Markets restated a “hold” rating and issued a $14.00 target price on shares of Advanced Micro Devices in a research note on Thursday, July 26th. Stifel Nicolaus restated a “buy” rating on shares of Advanced Micro Devices in a research note on Thursday, July 26th. Finally, Cowen restated an “outperform” rating and issued a $25.00 target price (up previously from $21.00) on shares of Advanced Micro Devices in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.65.

In other news, SVP James Robert Anderson sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $20.38, for a total value of $3,057,000.00. Following the transaction, the senior vice president now owns 701,338 shares in the company, valued at $14,293,268.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $19.78, for a total value of $1,236,250.00. The disclosure for this sale can be found here. Insiders have sold 1,311,928 shares of company stock worth $32,151,214 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Shares of AMD stock opened at $20.81 on Thursday. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 260.13, a price-to-earnings-growth ratio of 3.91 and a beta of 3.64. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04. Advanced Micro Devices, Inc. has a 12-month low of $9.04 and a 12-month high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.71 billion. Advanced Micro Devices had a return on equity of 47.21% and a net margin of 5.51%. Advanced Micro Devices’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share. On average, research analysts predict that Advanced Micro Devices, Inc. will post 0.35 EPS for the current year.

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About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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